UAE Suspends All Trade and Financial Ties with Iran After Missile Attack
The United Arab Emirates suspended all trade and financial dealings with Iran on August 19, 2026, following Iran's missile attack. Iran fired two ballistic missiles toward the UAE, marking the first such attack since May. The move significantly disrupted oil flows through the Strait of Hormuz, reducing them to less than a quarter of pre-war levels.
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Abu Dhabi announced the suspension after Iran fired two ballistic missiles toward the country on Tuesday. The move severs ties with what had been a major trading partner for sanctioned Iran, as crude flow through the Strait of Hormuz has fallen to less than a quarter of pre-war levels.
Iran’s armed forces warned Gulf countries against assisting the US military on Wednesday, hours after the United Arab Emirates announced it was severing economic ties with Tehran following new attacks on shipping. The Gulf is dotted with US military installations, including in the UAE, which said on Tuesday that Iran had fired two ballistic missiles at vessels off its coast. Despite a recent lull in hostilities between the United States and Iran, the Strait of Hormuz – which Tehran has blockaded...
The announcement comes after a period of relative calm in the UAE, with no Iranian missiles aimed at the country since May
The decision was made after the country’s air defense systems identified the launch of two ballistic missiles from Iran